The crude effect: Petrol, diesel to cost less

PTIApr 27, 2003, 01.06am IST

NEW DELHI: For the second time this month, State-owned oil firms on Saturday slashed prices of petrol and diesel by Re one per litre, in tune with the global softening of crude prices. The new prices would be effective from midnight.

Petrol would cost Rs 31.49 per litre in Delhi as against the prevailing Rs 32.49 a litre while Diesel prices has gone down from Rs 21.12 to Rs 20.12 per litre, the official sources said.

After over three months of surge in prices, the oil firms had on April 15 announced a Re one per litre cut in petrol and diesel prices. Petrol prices in Kolkata have been cut by Rs 1.00 to Rs 33.00 per litre while in Mumbai a litre of petrol would now cost Rs 36.43 as opposed to prevailing Rs 37.52. Chennai saw a Re 1.08 per litre decrease in petrol prices to Rs 34.40.

Diesel prices in Kolkata declined from Rs 22.52 to Rs 21.51 per litre. In Mumbai, the fall was of Rs 1.20 per litre to Rs 25.50 while in Chennai diesel prices slipped from Rs 23.55 per litre to Rs 22.43 per litre.